S. Muoio & CO. LLC lessened its holdings in Equinix Inc (NASDAQ:EQIX) by 10.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,583 shares of the financial services provider’s stock after selling 900 shares during the quarter. Equinix makes up approximately 1.5% of S. Muoio & CO. LLC’s holdings, making the stock its 14th biggest holding. S. Muoio & CO. LLC’s holdings in Equinix were worth $3,283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EQIX. MML Investors Services LLC boosted its stake in Equinix by 35.7% during the 3rd quarter. MML Investors Services LLC now owns 3,056 shares of the financial services provider’s stock worth $1,323,000 after acquiring an additional 804 shares during the last quarter. Brasada Capital Management LP boosted its stake in Equinix by 5.1% during the 3rd quarter. Brasada Capital Management LP now owns 3,403 shares of the financial services provider’s stock worth $1,473,000 after acquiring an additional 165 shares during the last quarter. Segment Wealth Management LLC boosted its stake in Equinix by 2.2% during the 3rd quarter. Segment Wealth Management LLC now owns 8,100 shares of the financial services provider’s stock worth $3,506,000 after acquiring an additional 175 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Equinix by 3.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 13,175 shares of the financial services provider’s stock worth $5,703,000 after acquiring an additional 447 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in Equinix by 0.8% during the 3rd quarter. Edgestream Partners L.P. now owns 21,769 shares of the financial services provider’s stock worth $9,424,000 after acquiring an additional 180 shares during the last quarter. 98.24% of the stock is currently owned by institutional investors.

NASDAQ EQIX opened at $384.46 on Wednesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.24 and a current ratio of 1.24. Equinix Inc has a 12-month low of $370.79 and a 12-month high of $484.31. The company has a market capitalization of $31.31 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.30 and a beta of 0.74.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.47 by ($2.92). Equinix had a net margin of 6.46% and a return on equity of 7.70%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $3.63 earnings per share. Equinix’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts predict that Equinix Inc will post 18.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 14th will be issued a $2.28 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $9.12 dividend on an annualized basis and a dividend yield of 2.37%. Equinix’s dividend payout ratio (DPR) is presently 49.22%.

In other news, CFO Keith D. Taylor sold 2,000 shares of Equinix stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $431.65, for a total value of $863,300.00. Following the sale, the chief financial officer now directly owns 21,141 shares in the company, valued at $9,125,512.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Earl Campbell sold 1,316 shares of Equinix stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $423.38, for a total transaction of $557,168.08. Following the completion of the sale, the insider now owns 3,954 shares in the company, valued at $1,674,044.52. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.

Several research analysts recently weighed in on EQIX shares. Zacks Investment Research lowered shares of Equinix from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. BidaskClub lowered shares of Equinix from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Credit Suisse Group set a $500.00 price target on shares of Equinix and gave the company a “buy” rating in a research note on Friday, November 2nd. MED cut their price target on shares of Equinix to $460.00 and set a “positive” rating on the stock in a research note on Thursday, November 1st. Finally, KeyCorp assumed coverage on shares of Equinix in a research note on Tuesday, October 23rd. They issued a “sector weight” rating on the stock. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $501.28.

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Equinix Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

Further Reading: How can you know how many shares are floating?

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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